There’s all these new cryptos is constantly flooding in…Trading With Leverage United States Bitcoin… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the very basics here’s how bitcoin works and and we talk to a lot of again financial advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally just there to attempt to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re getting into it which comes from education understanding and again going back to an investment thesis honestly and stating i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and learn what it is and learn where it fits for me um i you understand of course have to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i have actually never ever heard of that i get a big ego and i’m like how could i not have actually heard of that however i have it and somehow it gets noted and there are probably lots of other people stating the same things about cryptos that i know a lot about because i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a few methods one is i try to educate myself as much as possible and after that have a concept of what i like to learn more about and like to invest in what do i like to buy do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are simply simply simply you understand pumps like pump schemes or something i understand a great deal of people made money on shiba inu i understand a lot of individuals earned money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a lot of individuals that have actually succeeded i choose not to do that one since they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and get up and i’m down here because what will take place is i’ll never ever sleep again and again from a psychological viewpoint i do not desire that i i attempt to discover a fair bit about the ones that i have an interest in or discover you know find out why i might be interested why they may have value and honestly man it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of individuals who do not understand a lot about crypto or or are really versus it stating saying i don’t understand how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own much of them are a currency that is for a specific network so bitcoin for example is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states economic network alright if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it needs to have its own currency to function efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the factor is since i’ve remained in financing for so long and i know where the inefficiencies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly efficient working on dollars working on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not very much reality to the assertion that because there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the conventional monetary system and i don’t indicate that everything else is going to disappear i indicate my sensation is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin integrating together and that’s where you’re visiting a lot of this worth so there’s a lot money in the standard financing system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the monetary system because it’s just a it’s basically a database in a network you get informed and again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events make certain to take a look at the description for any advertising deals and to find out more about our incredible visitors i’ll see you in etoro us’s club Trading With Leverage United States Bitcoin.